Impact of Green Supply Chain Management Practices on Financial Performance Related to Plastic Goods Manufacturing Sector in Sri Lanka

Abstract

Managing the supply chain with greening is progressively a concern for many manufacturing companies and a challenge for logistic management in the 21st century. The concept of greening the supply chain is considered worldwide by academics, researchers, and business entrepreneurs. Further, many stakeholders encourage business enterprises to adopt green or environmental activities, especially on manufacturing processes. The purpose of this research was to investigate the impact of green supply chain management practices (GSCMP) on the financial performance of the plastic goods manufacturing industry in Sri Lanka. The research study analyzed three main elements of green supply chain management practices, i.e., external green supply chain management practices, eco-design, and investment recovery. This qualitative research study was carried out as a case study with special reference to a major plastic goods manufacturing company in Sri Lanka. Data was collected through interviews and documents (annual reports). Empirical findings disclosed a strong impact of green supply chain practices: external green supply chain management practices, eco-design, and investment recovery on the financial performance of the plastic goods manufacturing sector in the country. The findings of this study will be a novel contribution to the body of knowledge in the field of green supply chain management.